SINGAPORE – Certificates of Entitlement (COE) ended higher across the board on Friday (Feb 24) following news of heftier taxes for high-end motorcycles and a probable dip in the Open COE supply.

COE for cars up to 1,600cc and 130bhp finished at $49,430, up from $48,401. COE for cars above 1,600cc or 130bhp closed at $50,621, up from $48,209.

Open COE, which can be used for any vehicle type but ends up mostly for bigger cars, ended at $51,000.

The Government announced earlier this week that the motorcycle COE category will no longer contribute to the Open category, which derives its supply from a 10 per cent contribution from each of the other categories.

Motorcycle premium closed at its second-highest level of $6,801, up from $6,412. Commercial vehicle COE ended at $49,810, up from $48,901.

The latest tender was delayed for two days pending the announced changes to motorcycle taxes and Open COEs.

The Straits Times

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